i'm going to be joined now by my co-moderator, peter cook from bloomberg tv. peter, if you are ready, alternate server two for the first question to our group. >> maya, thank you for the participation. and the all-star panel he have to talk to about the issue in washington these days. as a reporter covering the super committee and actions over the next few weeks, this is a list to say a fascinating and important topic for us and our audience have bloomberg and important for not only this unanswered, the audience at home and around the country to find out why you won't believe going big is the right move because certainly forgot their voices in

i did fabric night tool time towards night that's a new york mayor michael bloomberg i would argue by wall street protests the gay. it's city that on september seventeenth he set of the protesters were welcome as long as they are respectful to other new yorkers and it appears that after two weeks of protests on wall street mayor bloomberg is changing his tune just take a listen to his comments this morning when he was appearing on a weekly radio show but the protesters are protesting against people who made forty or fifty thousand dollars a year and are struggling to make ends meet that's the bottom line those are the people that work on wall street you know in the finance sector and. all right so maybe it's like michael bloomberg what occupy wall street is really all about the protesters on the streets are not targeting the employees that are making forty to fifty thousand dollars a year the people on occupy was three are not rising up against lower level employees in the financial sector they're protesting against a system of financial system which because of greed and a lack of reg

that gets tonight's rewrite. >>> and later, mayor michael bloomberg's hurricane briefings in spanish provoked what has been called the best thing about hurricane irene, the tweets of el bloombito. >>> politicians should be commended, not ridiculed for speaking spanish and english at press conferences, but some spanglish tweets have turned into an internet sensation after michael bloomberg's press conferences on hurricane briefings. >>> and next, how can republicans argue that corporations need tax cuts when some ceos are actually being paid more by their corporations than those corporations pay in federal taxes. that's in the rewrite. you've be while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so lily and i are back on the road again. with zyrtec® i can love the air®. >>> time for tonight's rewrite. corporate america has now so successfully rewritten the tax code in their favor that in many of our biggest companies, ceos are now paid more money than the companies pay in federal taxes.

mayor bloomberg says he will be on the subway tomorrow morning just as he was this morning, refusing to be intimidated. even before this threat came to life, there were concerns that maybe al qaeda would be planning something for this 9/11 anniversary because of evidence found at osama bin laden's bunker in pakistan when he was killed, that evidence indicating that al qaeda was interesting in staging an attack on the 9/11 an versery. president obama is aware of the threat and will be here on sunday for that memorial, as will former president george bush and mayor bloomberg and 15,000 other family members here to pay tribute to their loved ones. as you can imagine, this new threat, very unnerving for those families on a day that was already supposed to be a painful anniversary. raj? >> you bring up the family members. so many of those family members traveling from the bay area to new york where you are. is there any type of extra security for them in particular? >> reporter: we haven't heard of that yet. the security around here is going to be very tight and the family members traveli

tonight, there was a kind of clarion call to action from the mayor of new york city, michael bloomberg. he said, in effect, enough is enough. the failure of lawmakers to jump start jobs has hit a crisis point. he said, if there isn't action soon, there will be, quote, rioting in the streets. abc's jake tapper has more on this thunder bolt hurled from the big apple straight at washington. jake, good evening to you. >> reporter: good evening, elizabeth. already, three quarters of the american people believe that the nation is headed off on the wrong track and today, the stark warning from mayor mike bloomberg of the most populous city in the nation about where we are headed, if washington does not get its act together and the economy does not improve. the mayor of america's most populous city, new york's michael bloomberg, sounded dire today when discussing what might happen if the american economy continues to sputter. >> you have a lot of kids graduating college who can't find jobs. that's what happened in cairo. that's what happened in madrid. you don't want these kinds of riots here.

and later, the new york woman who took to the twitter, took the twitter to poke fun at mayor bloomberg'sduring his announcements about the hurricane. she is now in the middle of her 15 minutes of fame. she will make her national she will make her national teleon [ female announcer ] it's time to raise the bar and replace your old mayo with the full flavor of kraft mayo with olive oil. ♪ made with half the fat and calories of hellmann's real mayo... ...kraft mayo with olive oil is the new standard in mayo. helps defends against occasional constipation, diarrhea, gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. >>> a new poll shows republican presidential candidate mitt romney gaining ground on president obama, up four points from their last poll, romney now ties the president in a head-to-head 2012 matchup with 45%, but when pitted against rick perry, president obama wins 45% to 42%. that's within a margin of error, of course. when asked if president obama deserves to be reelected, 51%

that gets tonight's rewrite. >>> and later, mayor michael bloomberg's hurricane briefings in spanishd what has been called the best thing about hurricane irene, the tweets of el bloombito. [ ticking ] [ grunts ] we are! got it. [ male announcer ] don't be the last to know. get it faster with 4g. it's the network of possibilities. at&t. when you switch your car insurance to esurance. i could save 'em 522 smackers. you talkin' dough? bread. benjamins? scratch. greenbacks. moolah. cheddar... simoleons! don't try to out-save me. [ female announcer ] any way you say it, $522 is the average amount saved by people who switched to esurance. 522 bucks! [ female announcer ] to find out how much you'll save, call 1-800-esurance or visit esurance.com right now. that's 1-800-esurance or go to esurance.com. >>> politicians should be commended, not ridiculed for speaking spanish and english at press conferences, but some spanglish tweets have turned into an internet sensation after michael bloomberg's press conferences on hurricane briefings. >>> and next, how can republicans argue that corporation

we have this press conference in about 20 minutes involving michael bloomberg. it would seem that this warning is now gathering some momentum. clearly potentially a very serious threat. >> you know it's very serious when they start briefing, not only mayor bloomberg, ray kelly, the police commissioner, in new york, but they're also in the past several house now, they have briefed key members of the house and senate, including the chairman of the senate homeland security committee, joe lieberman, susan collins, the ranking republican. she was in fact late walking into the president's address before a joint session of congress because she's been briefed. dianne feinstein, the chair of the senate intelligence committee, they are briefing key members right now on what they know. they're not going into all the specifics. a lot of classified information there. but they're giving the rough outlines of why they're taking this so-called chatter and intelligence that they have gathered a lot more seriously than they have in the past and why they made a very conscientious

but listen to mayor bloomberg. to him today and he seems now resigned to the fact that we have the ds and rs and that's it. >> well, if somebody ran as an independent, i wouldn't have a problem. if they espoused the views i think are right for this country, i would support them as well. i think from a practical point of view, we have a two-party system, it is going to stay a two-party system for as long in the future as i can see. and both parties just have to make sure they open enough for all different ideas. and i think that's one of the problems here, both of them have narrowed the volume of the tent or the expanse of the tent that they have. and that's not good. >> he says that's not good, but if a guy like bloomberg is not ready to bankroll some new independent moment, it is not going to happen. >> no, it is not going to happen. look, campaigns have become more partisan because members of congress have become more partisan because the way we redistrict in this country is set by state legislatures. and that's

at bloomberg studies i'm emily chang with bloomberg west. >> back on yahoo. you had a guest talking about how different options are going to play out. give us highlights? >> there is a bloomberg contributor also the editor of a blog and he said there are really big concerns about yahoo and he made the point based on recent news we've been seeing you think yahoo shares would be up. and this company has a new kre. o interested and shares are still trading lower saying the problem is that investors don't believe in yahoo value. and by selling parts of the company that don't work that will unlock whatever value there is in the company. a lot ofan lifts weighing in with their opinions on this. and the board did meet to talk about option autos thank you very much. >> and there is a george yais yis day and sunny skies. >> clouds pulled away from much of the coastline. sunny skies along much of the coast and inlntd. and there is a big warm up before it's over, now, it's just a little warm up. here is our live view looking westward across the bay. there is is our curr

do you think riots are possibly here in america, or is bloomberg just beam bloomberg? >> i like that. it is very nice. >> first of all you can't compare us to egypt. people were dyeing on the streets, and it was more than just jobs. they wanted to get rid of this hour -- horrible dictator. >> women dressed as batman. exactly, it was bad. >> but they were wonder woman. >> totally different case. >> just happy contestants. >> hold on. let's see what is under the batman garb before we go all wonder woman. >> i am going wonder woman anyway. >> so that differentiates ourselves from egypt. it is such a bad situation with jobs. it is not going to create jobs in the long run. what you have, half is basically stimulus, and i'm skeptical about that. i have every right to be. the other half is a temporary extension of tax cuts already in place. possibly, maybe there can be riots in the future. >> you know what i am thinking about, while she was making sense i was thinking about mighty ices? >> poor man's wonder woman. >> you don't remember her? >> no. >> ices was uh macing. -- am

how is bloomberg doing progress of journalism? we may be thinking about different definitions of what that is. i'm not sure if the segue from that into investigative journalism made a lot of sense to most people's thinking in terms of how that is defined. >> have another question? >> i am a local free-lance journalist here. a couple of years ago, i had a friend. we were trying to figure out the feasibility of starting a nonprofit journalism in denver, and i remember coming across this corporate structure that i believe vermont, maybe one other state, uses in the country, but it is called a low profit limited liability company, and it is a structure that is meant to allow for profit but also to allow for tax-exempt status for donations. i found it really interesting. i found it surprising that other states did not have a similar model. this could also be a model to help budding companies in the future by allowing them more flexibility in how they acquire financing. i'm curious how many of you on the panel are familiar with this typ

your bloomberg silicon valley index drop dropping close to 3%. it's no surprise companies are pulling back on their ipo plans and as public markets tank ipo candidates are looking for private sources of funding. that is what is going on at living social. bloomberg learned living social is now considering raising more than00 million in funding rather than proceeding with an ipo for now. but living social second largest site hasn't immediately draped -- scrapped plans and sources have told us the company would consider an ipo next year even if it does raise funds. and finally the major money going into china's largest e commerce company alibaba. sources told us they've agreed to invest in alibaba and value the company at $32 billion. the two firms will buy stocks from alibaba employees. the ceo says it's program will allow the company to focus on growing its business. in san francisco i'm emily chang with bloomberg west. >> thank you. >> and let's get a check of our forecast now. cooling down just a bit. >> you seem happy about that. >> i prefer to

today we have obama, christie cuomo and bloomberg.ple and you can see why this worked. i think the stewardship back then was exactly right and the stewardship going forward, i think, is going to continue to keep new york growing. remember conventional wisdom, charlie, back after the terrible tragedy of '01 was at everybody was going to move out of new york, every company was going to move at least half of their business out. nobody was ever gog to live downtown. no tourists would ever come to new york. new york would go back to the bad old days of high crime. and every single one of those things was just not wrong it was... they were dead wrong. it's 180 degrees opposite today. there are double the number of people living downtown than live downtown on 9/11 01. there are more people living downtown today than live downtown in any year since 1920. tourism, there were seven hotels that were downtown before 9/11 '01, everybody said they'd go out of business. today they're 26 hotels and they're all virtually full. >> rose: so it is now a

that's what mayor bloomberg is trying to point out.nstance what about the mormons, what about the scientologists. >> bill: we're doing maybe stream here. >> we have two presidential candidates who are mormon. >> bill: it doesn't matter. mainstream religions in the country are represented. >> you know archbishop dolland doesn't have a problem with this. >> i know he doesn't. i have a problem with it? >> traditionally feisty territorial sects have no problem with it. there really has to be an attempt to balance. by framing it in the -- and i really have to defend mayor bloomberg in this. in couching it in terms of celebrating the victims' lives. i mean, have you had billy graham down there. >> bill: you can do both. >> you know physically what the layout is. >> bill: go down there, we can work them all. in they would all be there. >> my friends, the cops are really angry at him. >> bill: of course and they should be. >> they should be and perhaps he could have done it more delicately. i understand what he is trying to do. >> bill: you un

at bloomberg studios i'm emily chang with bloomberg west. >> what is happening with groupon? legal issues there? >> today we heard about a new lawsuit. there is a class action suit from its own employee. saying hundreds of sales people are looking to recoup overtime the company allegedly failed to pay and demanding three years of back wages and punitive damages. groupon did not immediately response to requests for comments but between this and ipo delay seems bad news is piling on for groupon. >> all right. thank you very much and have a good weekend. >> lovely weather this friday. and there is hopefully extending into the weekend. >> there is a low that is destabilizing the atmosphere, into the weekend things start to heat up into higher elevations we can see lightning strikes and widely scattered thunderstorms. and this is widely scattered. there is fog near the coast and they're not pushing across the bay yet. there is a live view looking over san francisco. and we've got clear views now and fog has begun a naush will probably happen later. there is a look at fog at the co

at bloomberg studios i'm emily chang with bloomberg west. >> there is chatter about fac facebook delaying its ipo. why wait? what is going on? >> you know, we've seen multiple reports about facebook delaying ipo. whether or not it's going to ipo at all. and about an hour ago on bloomberg west put that question to a visiting scholar at uc berkeley and he said he applauds mark zuckerberg for delaying ipo is he can take his time building the company up where it needs to be before hitting public markets and he has to deal with nasty investor calls. thinks it should be to list facebook at a smaller value and let it build up slowly. >> interesting. thank you. emily chang from bloomberg west. >> we can see it's gray out there. >> yes. >> gray along the coast and over the bay. there are sunny skies inland. >> and increasing rain, too. there is a live view and there is lots of clouds and more wide spread later this evening. right now looking at temperatures into low to mid-80s, 70s in other locations. 60s around the bay so this is wide spread low clouds tonight. and there are temperatures starting

and you know recently new york mayor bloomberg warned that the unemployment crisis could trigger riots and social unrest do you think this is the direction that we could be heading. can definitely see how it would react into a riot level especially if the cops react in the same way i don't think that the anger and especially not the people in the ground aren't a level in any sort of violence or destruction it could be all right and i can see how you can get involved push back the figures that we just leave. and you know a criticism that you have mentioned and touched on earlier that we're seeing a lot about in the about this movement now in the mainstream media is that these protests lack organization they lack a unified message and as an observer and a participant of occupy wall street do you see this is this true. i think it is definitely a different people don't know there's some people preaching anarchy there's no libertarians there's also some people say that we need more government regulation and i think they all have in common seems to be frustration and distrust not only with r

bloomberg sprung from nowhere to create progress of journalism online. will respectfully disagree on that. >> thinking about california watch, we feature them regularly, and they are doing excellent investigative work. is anyone familiar with those, and can you talk about the success and where you see that going? do you think that we will see more of these kinds of outlets? >> i think that paying for news journalism and especially for news journalism with a variety of political agendas, historically in san francisco, was paid for by real estate and automotive and help-wanted advertising. it was not paid for by the circulation nichols of the subscribers. if you think about government- boned journalism compared to the rich, benevolent owner boulders of journalism or the public opening of journalism, i think there is a time now where you do not need quite as much funding as ever, but some of the people who today are seen as barron's -- barons started off with a pretty defined journalistic crusade in their mind, and most of the time in their own minds, it wa

we took care of the financial institutions, according to bloomberg. we gave $1.2 trillion to major financial institutions. meanwhile we did nothing to stop the housing crisis. this recession will not begin to end until housing prices stabilize. >> that's an incredible fact there, half the houses you say are under water. >> nearly half the houses. nearly half the houses in arizona are worthless than their mortgages. >> at this point, though, do you believe -- you know washington better than anybody. have things become so divided that at this point with an election coming up, is some kind of a deal even possible? >> we look at the president's polling numbers and they are obviously very bad. have you seen congress's numbers lately? >> 13% i think. >> we seek approval too, you know. i've said it before, maybe it's worn out, but only 10% of the american people approve of congress. not one in that 10% has attended a town hall meeting of mine in arizona. so we want to work with the president. we want to be able to go home and say we're going to cut your payr

bloomberg said the arrests have not been corroborated, but had to be taken as seriously.e called on the public to be vigilant. if >> as we approached the 10th anniversary of the 9/11 attacks, the nypd, fbi and the entire intelligence community have been on heightened alert because we know that terrorists view of the anniversary as an opportunity to strike again. the threat at this moment has not been corroborated. i want to stress that. it is credible, but has not been corroborated. but we do live in a world where we have to take these threats seriously, and we certainly will. if the nypd is deploying additional search -- services around the city and is taking steps to keep our city saved, some of which you may notice and some of which you will not notice. but there is no reason for any of the rest of us to change anything in our daily routines. we have the best police department in the world. over the past decade have helped thwart more than a dozen potential attacks. here's what you are going to do, if you see something, say something. that has always been true. over th

he's a senior editor at "bloomberg markets" magazine. he began by asking what makes someone influential within the world of finance. >> it's people who move markets. it's people who help form economic debate. it's people who create very profitable companies. it's people who create profitable hedge funds. you know, we have a lot of definite ways of measuring it and dividing it up to categories so that we could put together a list of 50. and one of those list of 50 is relatively new to the global world of finance. christine legar, a long time french treasury finance minister, and now the directedor of the international monitor fund taking over at a time of huge upheaval around the world. what is director of the imf? >> what you need to watch for with her is her urge to really sort of push european leaders to get out in front of the sovereign debt problem is going to come to fruition. she needs to get out in fronted on this. >> and j.p. morgan ceo jamie > dimond has served him and the shareholders well during the financial crisis. how due k

bloomberg sprung

i'm jane king with the bloomberg business report. >> and they charge for submit we'll find out more. santa cruz county has one of stiffest plastic and paper bag laws in the state. they voted in favor 'that bans

bloomberg was and still is an exclusively finance-driven media company.started to cascade on to my bloomberg instant messenger live on the broadcast set, the same one that sits here with the blumberg terminal. messages from friends and old sources in the buildings. as the minutes ticked by and the information continued to pour in, it quickly became apparent to me and those around me that the events that i would witness and narrate on television those events were taking the lives of a number of old friends and close sources. in the two years following those events i moved to a home that i still live in today. it's about six blocks north of ground zero. at this point in my career i was working for cnbc. my job had me commuting by foot. i like to walk. down to the new york stock exchange each day. i would walk to the exchange each morning, and peer through the fences to see whether that gigantic hole was still in the ground. and for most of the past decade, it was. in 2009, i began working here at msnbc. and my commute no longer had me walking past ground ze

stocks rally treasuries or trade on the economy data german reeds of bloomberg financial stocks lead broader rally according to c.n.n. money and wall street journal says a u.s. stocks futures are higher as european markets look to rebound. the reason for these rows we have lined us stocks of the euro rose today on stronger than expected economic data germany's lawmakers approved new powers for the eurozone rescue fund meanwhile here at home the number of jobless claims dropped sharply last week while new numbers show like growth in the u.s. economy for the second quarter now that for those of us who aren't economic experts could be forgiven for thinking perhaps hoping that the economic doom and gloom could soon be a thing of the past but is that really the case for some answers earlier i spoke with edward harrison founder of the blog credit write down i asked him to break things down for those of us who are not financial experts and tell us of which way the economic winds are blowing take i think. it's not very clear at this point but the odds are even at a minimum that we are headed

y puentes de la ciudad y dentro de las estaciones de trenes subterrÁneos hablamos con el alcalde bloombergn el alza. es posible pero no mÍa dos fuentes. >> hay confusiÓn con respecto a que la amenaza creÍble pero que no estÁ confirmada ¿quÉ significa esto? >> hay amenazas cada dÍa, por la historia de nuestro paÍs, algunos son reales y otro no. >> es que existen razones para creer que la amenaza terrorista aÚn no confirmada contra nueva york y washington podrÍa estar vinculada al lÍder de al qaeda alza ag al zawahri despuÉs de tomar las riendas despuÉs de la muerte de osama bin laden y aseguran que podrÍa vengar la muerte >> la secretaria norteamericana hillary clinton dijo que detrÁs del plan estarÍan 3 hombres uno tendrÍa ciudadania americana y habrÍan llegado a los estados unidos desde pakistÁn a travÉs de dubai el mes pasado. >> tomamos todas las amenazas inglaterrai terroristas seriamente y damos todos los pasos necesarios para mitigarlas. >> mÁs bien que se exagere que pasar des percibido sino sucede nada como es lo que creo, de todas maneras se agradece que la seguridad se manmanifie

to be involved in politics you know michael bloomberg is a beautiful example of what's wrong with this country demonstrations like this want to become a real force and not just a fringe group more americans will need to join these crowds i suspect the volume will get a little a little larger you know start off small. questions why there's so few people it's like again the information that gets out is controlled by the mainstream media the corporate media so will the political and financial elite push americans into launching their own arab spring or will be take note before the crowd swell out of control yes yes yes yes yes this is sure enough for two. and i was able to speak a little earlier with one of the people in attendance at the protest david de gras he is a journalist and also author he wrote the road through two thousand and twelve revolution or world war three now to start off our conversation i asked him to give me his take on the rally and the fact that it was a little smaller this year than it was last year here's what he had to say. well first of all i was down there and

you know i think what happened in cairo is called democracy and i think mayor bloomberg problem and it's a longstanding problem is one with democracy you know during the two thousand and four republican convention in new york city he and his police force violated the civil liberties of demonstrators over and over and over and what he did last week and is still doing now is right out of the george w. bush playbook which is to tell americans who want to demonstrate in public that they can have something called as bush called them free speech zones that are far away from the action where they can't be seen as a free speech is something that needs to be corralled up and hidden from public view and i've got news for all of them which is our free speech zone is called the united states of america but this is something that a lot of people have a lot of trouble with and bloomberg went way too far and it's inexcusable to herd these protesters and keep them so far away and it's inexcusable the way they've been treated by the police i just think it needs to change i want to talk about a few other

to be involved in politics you know michael bloomberg is a beautiful example of what's wrong with this country but for demonstrations like this one to become a real force and not just a fringe group more americans will need to join these crowds i suspect a volume will get a little you know start off small so your question is why there's so few people it's like again the information that gets out is controlled by the mainstream media the corporate media so who the political and financial elite push americans into launching their own arab spring. before the crowd swell out of control yes yes yes is this a trick or two. i want to take a different look at this and put it in some perspective i want to talk to david de graw in long island new york david is also the author of the road through two thousand and twelve revolution or world war three. hey there so let's start with this rally in new york over the weekend it was actually smaller than the same rally last year there was a lot of buzz on twitter people talking about what a great idea it was i mean as we know in egypt when they came out

. >> i am joined by al hunt, executive director of bloomberg news. and this is so depressing, and let's start with economics. do they make sense, will this proposal do what is necessary to trim america's budget? >> if it were enacted it would be a down payment. in what has to be done, most experts going from the center right to the center left, agree that long-term you have to increase the deficit. and you have to stimulate the economy more. >> and this dress-- addresses t deficit. >> this does and long-term you pay for it. but it's not going to happen. congress will not enact it. this is not the first but official salvo of 2012. this will be the battle over the next year and a month and a half. >> someone said to me recently, the problems and the solutions facing europe and america are basically the same. the problem in europe you don't have the political mechanism to do it. here you have the politicians standing in the way. >> that's partially true. at a glance europe's problems are severe, and demographics not as good. but there is no political wi

of mortgage fraud that has been taking place and still see the robo signing so you know michael bloomberg is really just carrying water for the talk receiving this country and to large extent that's what people are protesting down in what they call liberty square and they may not be as. studied and researched and know what they're needing necessarily but they know there's a real problem and i think bloomberg there are you know unwittingly described i mean the notion that these institutions which caused the financial meltdown are their feelings are hurt and that's why they're not loaning money is ludicrous. yeah their feelings are hurt they have this fake sense of fear as to possible prosecution which is i don't know where that's coming from because washington definitely isn't pushing in that direction and you know one of the things too is that we've seen this thread through other cities across the us other cities are now trying to join in this occupy wall street movement with more protests going on here and there i want to critique that i've heard is that you know maybe they've got too bi

with business news, linda bell joining us from bloomberg headquarters in new york. good morning. >> good morning. in a few hours investors will get a key report on consumer spending. that makes up the biggest part of our economy. stock index futures ahead of that in getting a lower open. the government's fiscal year ends today without an agreement by congress on how to pay for new projects. federal contractors are laying off people or delaying hiring. among the delayed projects is a dollar contract for work of the department of palm lulz security -- department of homeland security. research in motion denies word that it is halting its playbook. best buy is slicing the price. if you thought target selling designer goods was a big deal. it is about to get exclusive items from another major fashion house. i will tell you in my next report. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. >>> 60 degrees. feeling good. >> still ahead another bank announces big changes. where and how much and you will be charged use your debit card. >> ever

. >> as mayor michael bloomberg is planning for this 9/11 ten-year anniversary, some specifics coming from this threat are unknown certainly, but from what you know, what concerns you about what you heard so far? >> what's most concerning is that it's originating from pakistan and perhaps the tribal area where we know al qaeda operates. we know the pakistani taliban operates. that's where the times square bomber got his training, though it wasn't great training. we do know that the idea of a explosive device is something al qaeda wants to do. combine that with the 9/11 anniversary weekend, that is why the administration is so focused right now. >> should people worry? >> you want to be vigilant, but you shouldn't change what you are going to do. if you're going to lower manhattan to mark the anniversary, continue to do it. same thing is true in washington. the key to deal with all these threats is not to change your activity based on what the potential terrorists might be doing. trust security to do what they are doing. trust law enforcement and continue to live your life as mayor blo